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CFPB fines Top Notch Funding $70,000 for deceptive business practices

( September 19, 2017, 19:44 GMT | Official Statement) -- MLex Summary: The US Consumer Financial Protection Bureau on Tuesday settled charges against Top Notch Funding and two individuals associated with the company for lying in loan offerings to consumers who were awaiting payment from settlements in legal cases or from victim-compensation funds. In a complaint and proposed consent order filed in federal court, the CFPB is seeking to prevent Top Notch, its owner Rory Donadio, and his business associate John Cavalli from offering or providing such products in the future, and to require them to pay $70,000 in civil penalties. Statement follows in full. Also see documents below. ...

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